Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$162,301$162,301$364,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$202,199$0
Funding fee$812$812$0
Note rate3.970%3.970%7.400%
Blended rate3.970%6.067%7.640%
1st payment$1,042.89$1,042.89$2,523.72
2nd payment$0.00$1,305.87$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,367.05$2,672.92$2,920.79
Cash to close$242,699$40,500$40,500